CanAsia Energy Corp V.CEC

Alternate Symbol(s): CECAF

Energy Oil & Gas E&P

CanAsia Energy Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration for, and the acquisition, development and production of, crude oil and natural gas reserves. The Company, through its subsidiary, Andora Energy Corporation, is focused on developing the bitumen resources at the Sawn Lake property using steam assisted gravity drainage (SAGD) development. The Company has working interests in, four heavy oil sand leases with 27 sections (24.25 net sections) of Sawn Lake Alberta Crown oil sands leases within the Alberta Peace River Oil Sands area. In the Sawn Lake Central area, it operates with a 100% working interest in two oil sands leases with 11 gross sections (8.25 net sections). In the Sawn Lake South area, it operates with a 100% working interest in three oil sands leases with 16 gross sections (16 net sections).

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CanAsia Energy Corp > Record Date

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Comment by radcaton Aug 22, 2022 4:46pm

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Post# 34912439

RE:RE:RE:Record Date

Canasia will not bring on Sawn Lake with CWS continues to trade lower. It will be a dormant asset stiing there waiting for oil to resume its climb. If the shares trade at some rediculous price, say 5 cents or lower, what would stop management or anyone else to buy SL for next to nothing. There has never been a value placed on Sawn and it that remains to be the case this would be cause for concern.

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